The Top 3 Accounting Software Features For Growing Businesses

January 10, 2019

Accounting software has already established itself as an essential technology tool for your small business. Eventually, these technology tools help small businesses grow into more successful operations.

As a business starts out, there are a lot of things you must know before investing in accounting software. In fact, the first step was probably an attempt to manage your accounting via spreadsheets. Once you’ve noticed the signs that you’ve outgrown using spreadsheets, most business will start with a small business solution that is easy to learn and easy on their budget. As a business grows, they’ll be looking for a solution that can grow with them and offer features that will help them become more functional and profitable.

Some businesses may be overwhelmed with the sheer amount of options available on the market. Companies will have many reasons to upgrade software, but the choice of which software they upgrade with comes down to the features of the program.

A recent study on accounting software buyer trends found that the most requested features in accounting software outside of the core three (accounts payable, accounts receivable, and a general ledger) were payroll, inventory, and invoicing.

So why are a majority of businesses who are upgrading software choosing to add these features? How can these features help a business take that next step?

For over 20 years, ADS Business Intelligence has leveraged emerging financial business management technologies into solutions that help ensure smart operations and growth for our clients – from small local businesses in the Albany area to multi-national corporations.